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The cost can be lower if you are staying further away from the city centre and not staying alone.
You have more independence
The flexibility of who you choose to stay in close proximity to
Cons:
Feeling alienated and less of a community. You may generally hang out with your own housemates than socialising with others as you are further away from where the community is, which is on campus.
It is more complex and you have more responsibilities as you are juggling with a variety of things such as maintaining the house, relationship with your housemates, and making sure you do well at school.
The cost may spiral out of control if you do not manage it well,
On-campus accommodation
Pros:
The sense of community as there are usually residential advisors that plan activities to help you get to know one another and most of the social activities happen on campus
It is generally more convenient as school is located within walking distance
It is less complex as compared to staying off campus
There may be the flexibility to decide if you wish to have catered meals or not
Cons:
The contract generally last for a year and you are not allowed to break the bond
In most cases, you will be given a single room and you are required to share the toilet and bathroom with other students.
Some of the accommodation options can be very pricey
Private student accommodation
Pros:
They are usually located either near to the school or close to the heart of the city
Most of the accommodations are very accessible
There are some that provide free shuttle to school
Cons:
It can be pricey for many students
The contracts are generally for a year. A shorter contract may be available but it will be for at least 6 months, but the price will be more expensive
Less sense of community as the students can be from different schools
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